The Exceptional Business Environment, Central Location

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THE EXCEPTIONAL BUSINESS ENVIRONMENT, CENTRAL LOCATION, LOW COST OF LIVING, EDUCATED WORKFORCE, EASY ACCESSIBILITY AND ABUNDANCE OF CULTuREJUST MIGHT SHOcKYOU. REDP_SanJoseInsert_Final_110714.indd 1 11/7/14 11:38 AM Surprising in so many ways For example, Dallas-Fort Worth has as many high-tech jobs as Austin and Houston combined. The nexus for high-tech jobs and companies is Richardson, with its ideal combination of central location, excellent quality of life, business-friendly environment, low cost of living, educated and skilled workforce, and transportation services. As the home of the Telecom Corridor®, Richardson, Texas should be at the top of the list of tech companies looking to expand or relocate. Fast Facts DART light rail and _ Located just 11 miles north of public transportation downtown Dallas Richardson residents and workers have access to _ Known globally as the Telecom Corridor® four DART rail stations and citywide bus transportation _ One of the highest concentrations of services that reach most high-tech companies in the U.S. (500+) of the Dallas-Fort Worth Metroplex. _ Cost of living signifi cantly lower than most U.S. metropolitan areas and high-tech regions Source: Claritas/Nielson Site Report, July 2012 DFW International Airport DFW International Airport is located 25 miles from Job Growth Richardson’s Telecom Corridor® and provides domestic fl ights to every major US city in four hours or less, as well _ The Dallas-area has 142,339 high-tech jobs and as international fl ights. DFW has 209 non-stop destinations, 3.2% annual job growth in 2013. including 58 international and 109 domestic. Source: Jones Lang LaSalle Cost of Living Composite Index _ Richardson, TX 95.7 Chicago, IL 117.4 Portland, OR 119.1 Boston, MA 140.1 White Collar Workers Richardson has the most White Collar workers in a 15-minute drive San Jose, CA 148.8 radius than any other major business community in Dallas-Fort Worth. San Francisco, CA 159.9 RD l n hA SO Dal as Pla o Source: C2ER, Q3 2013 averages IC N R Average Home Price 335,815 312,834 290,678 Richardson, TX $206,706 Portland, OR $360,669 vin len Wo Ir g Al rt rt Chicago, IL $424,500 o h F Boston, MA $491,000 San Jose, CA $802,148 242,340 174,873 70,111 San Francisco, CA $823,152 Source: C2ER, Q3 2013 averages 411 Belle Grove Drive Richardson, Texas 75080 972-792-2800 www.telecomcorridor.com www.richardsonchamber.com REDP_SanJoseInsert_Final_110714.indd 2 11/7/14 11:38 AM.

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The Texas Instruments Central Expressway Campus
CHAPTER Central Expressway 3 The Original To McKinney September 1958 he freeway era in North Texas began on August Dates: original opening Campbell T19, 1949, when a crowd estimated at 7000 Collins Radio Expressway. Just three years earlier the path of the original building freewaycelebrated was the the opening Houston of &the Texas first Centralsection Railroad,of Central the ArapahoArap - bolic moment of triumph for the private automobile as March 5, 1955 75 itfirst displaced railroad the to berailroad built throughfor personal Dallas. transportation. It was a sym Richardson Widespread ownership of automobiles and newly built Spring Valley Rd freeways were poised to transform cities all across Texas Instruments Interstate 635 the United States. In North Texas, Central Expressway Campus interchange: Jan 1968 would lead the way into the freeway era, becoming 635 Semiconductor Building developing into the modern-day main street of Dallas. Spring 1954 the focus of freeway-inspired innovations and quickly North Texas were pioneered along Central Expressway. ForestForest LaneLane Hamilton Park The ManyMeadows of the Building, defining opened attributes in 1955 of modern-day alongside Cen - subdivision EDS headquarters c1975-1993 fortral the Expressway expansion near of business Lovers Lane, into the was suburbs. the first The large ex - plosiveoffice building growth outside of high-tech downtown industry and and paved the risethe wayof the June 1953 suburban technology campus began along the Central Expressway corridor in 1958 when Texas Instruments Walnut Hill (former H&TC) Northpark DART Red Line campus and Collins Radio opened a microwave engi- Mall opened the first building of its Central Expressway Northwest Highway new upscale suburban neighborhoods along Central Expresswayneering center and in young Richardson.
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North Central Corridor
NORTH CENTRAL CORRIDOR NORTH CENTRAL CORRIDOR AT A GLANCE 21,500 26,200 1997-02 13 Weekday Riders Jobs Within 1/2 Mile of Stations Phased Openings Total Stations 36minutes 2 $333m 18.3miles Pearl Station to Parker Road Transit Centers Federal Funding Pearl Station to Parker Road MILES AT-GRADE 12.4 DAILY STATION RIDERSHIP**Average Weekday FY17 4,000 MILES ELEVATED 3,500 2.7 3,000 2,500 2,000 MILES OF TUNNEL 1,500 3.2 1,000 500 0 CITYPLACE/UPTOWN PARK LANE MOCKINGBIRDLOVERS LANE WALNUT HILL FOREST LANE LBJ/CENTRAL PARKER ROAD SPRING VALLEY GALATYN PARKBUSH TURNPIKE ARAPAHO CENTER 18.3 DOWNTOWN PLANO 17% 3.2 PROJECT TIMELINE SERVICE CHARACTERISTICS tunnel 15% 2.7 elevated miles 68% 12.4 JULY OCTOBER JULY at-grade NORTH CENTRAL 1994 1999 2002 LOCALLY PREFERRED FTA AWARDS $333M PARK LANE TO RED LINE 7.5-MINUTE COMBINED ALTERNATIVE GRANT FOR PARK LANE TO GALATYN PARK 15-MINUTE PEAK HEADWAY (RED/ APPROVED PARKER ROAD EXTENSION OPENS PEAK ORANGE) HEADWAY ORANGE LINE BUS INTERFACE AT 15-MINUTE PEAK ALL STATIONS 1994 1997 HEADWAY TO 1999 2002 PARKER RD STATION DECEMBER (LBJ/CENTRAL IN JANUARY BLUE LINE JUNCTION AT OFF-PEAK) 2002 MOCKINGBIRD STATION 1997 GALATYN PARK CBD TO PARK LANE TO PARKER ROAD 20-30 MINUTE OPENS OPENS OFF-PEAK HEADWAY M-LINE TROLLEY AT CITYPLACE/ UPTOWN DID YOU KNOW? The North Central Corridor provides peak hour capacity equivalent to approximately two freeway lanes. DART Current and Future Services to 2016 STATION HIGHLIGHTS PARKER ROAD • 2,020 PARKING SPACES P • TRANSIT CENTER A-Train to Denton (operated by DCTA) NW PLANO PARK & RIDE DOWNTOWN PLANO PLANO • HISTORIC DISTRICT • ENTERTAINMENT PARKER ROAD JACK HATCHELL TRANSIT CTR.
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Here Once Was a Tiny Burg Known As Richardson
RICH IN ECONOMIC DEVELOPMENT RICH IN LEADERSHIP RICHARDSON RICH IN TECHNOLOGY RICH IN INNOVATION RICH IN EDUCATION RICH IN NEIGHBORHOODS RICH IN EXPERIENCED WORKFORCE RICH IN DIVERSITY RICH IN GLOBAL REPUTATION RICH IN LOCATION IN GREEN INITIATIVE RICHJANUARY 20, 2012 • SECTION B This is a special paid advertising supplement. The content was not prepared or reviewed by the news staff of the Dallas Business Journal. For questions or comments about this promotional section, please contact Advertising Director Richard Dixon at 214-706-7132. The UT Dallas Visitor Center welcomes more than 1,500 new visitors to Richardson each week. UT DALLAS AND RICHARDSON \\ The Making of a UniverCity // Today, the city’s business community complements the areas of achieve- ment that are most pronounced at UTD—business, technology, engineer- ing, math and science. One of the prime catalysts for inspiring collaborations is the Naveen Jindal School of Management, which educates students from the undergraduate to the doctoral level and provides top-tier leadership training and certifi- cations for local fast-track executives. The Jindal School is ranked as one of the nation’s premier business schools: • Full-Time MBA: 40th overall and 17th among public universities in U.S. News and World Report • Professional MBA: 36th overall and 20th among U.S. public universities in U.S. News and World Report. • Executive MBA: 27th among U.S.-based executive programs in Financial Times. There once was a tiny burg known as Richardson. Then, courtesy of some big dreamers, a few research grants and lots of bulldozers, it grew into a Over the years, the city and university have changed and grown in both city whose destiny was linked to a fledgling campus in the middle of open size and reputation.
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What’s Inside Published by the City of Richardson www.cor.net — 972-744-4104 October 2019, Vol. 32, No. 1 “New era” budget focuses on infrastructure, public safety The 2019-20 budget approved by the City Council last month includes an overall increase of 4.1 percent in expenditures from last year, October 19-20 reflecting strong property values experienced in Saturday 10 a.m.-6 p.m. Sunday 10 a.m.-5 p.m. the city associated with growth in the Richard- son Telecom Corridor© and North Texas area. The new budget directly applies the impact of this recent growth toward improvements in in- HuhinesArtTrails.com frastructure and resources for public safety. The budget maintains the tax rate of Huffhines Art Trails $0.62516 and includes an increase in the City’s and Pawtoberfest senior property tax exemption to $100,000. at Huffhines Park The City’s budget development for this up- coming fiscal year, and the years to follow, are Page 9 being heavily influenced by recently ratified state Huffhines Art Trails and legislation that constrains property tax and fran- Pawtoberfest come to chise tax revenue. While the fuller impact will Huffhines Park. be felt in the 2020-21 budget cycle, key prepa- ration steps and constraints have been made in ment markings and buttons. One mile of bike Information Technologies the 2019-20 budget. A “new era two-year view” lane will be added on Spring Valley Road from and Traffic Initiatives has been used as an informal budget theme for Grove Road to Plano Road and existing bike New this year is a dedication of an annual this year.
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Greenwayplazaii Richardson • Texas
GREENWAYPLAZAII RICHARDSON • TEXAS OFFERING SUMMARY RICHARDSON / PLANO OFFICE MARKET GREENWAYPLAZAII The Richardson / Plano office submarket is one of Dallas’ top suburban office markets, absorbing over 3.8 million square feet and experiencing a 23% increase in rental rates since 2013, due in large part to several recent corporate relocations. Also known as the Telecom Corridor, the market is HFF has been exclusively retained to offer qualified investors the opportunity to acquire Greenway Plaza II (the “Property”), a 91.9% leased, home to a significant concentration of corporate America including BlueCross Blue Shield, State Farm, Raytheon, AT&T, Ameriprise, Bank of America, 152,969-square-foot, recently renovated Class A office building located within the robust Richardson / Plano office submarket. The Property Bombardier, MetroPCS, Nationwide Insurance, Samsung, Travelers Insurance and United Healthcare Group. is situated within the Telecom Corridor just southeast of the intersection of North Central Expressway (US-75) and the President George Bush Turnpike, minutes from the new CityLine Development which features 1,400 apartment units, a Whole Foods Market, and the regional corporate campuses for State Farm and Raytheon. Greenway Plaza II offers investors the opportunity to acquire a stabilized Class A asset within one of DFW’s DFW ABSORPTION LEADERS (2013-2015) RICHARDSON/PLANO RENTAL RATES strongest and fastest growing office submarkets. $21.00 $21.00 $20.50 $20.50 RRiicchhaarrddssoon/Plano PROPERTY HIGHLIGHTS $$2200.0.000 2200%% 23%23% INCREASE INCREASE $$1919.5.500 Las Colinas STABLE IN-PLACE CASH FLOW WITH DISCOUNT TO REPLACEMENT COST Las Colinas $$1919.0.000 At 91.9% occupancy with an average remaining lease term of 3.9 years and in-place rents that are over 6% below market, the Property provides 141%4% $$1818.5.500 FFaarr NNoorrtthh DDalllas stable in-place cash flow while offering significant upside in one of the most dynamic submarkets in DFW.
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Richardson, TX 75080 Patricia Allbee 411 W
RICHARDSON TODAY’S 2019 STATE OF THE CITY Published by the City of Richardson www.cor.net — 972-744-4104 February 2019, Vol. 31, No. 5 What’s Inside Richardson’s “value proposition” is highlighted by Mayor in the annual State of the City Address During the annual State of the City Address last month, Mayor Paul Voelker talked about Richardson’s “value proposition” and how the City strives to be the location for those looking to create a home or build a business, with the goal of creating points of differentiation that en- able Richardson to remain a top choice in the DFW Metroplex. SPRING “Our value proposition is our promise of what we as a city government will deliver to Spring Rec Guide you,” Mayor Voelker said. “How we do it more Inside economically, with a greater consideration for leveraging resources and with a focus on ser- vice. It is the difference you hear in the way we answer the phone and the speed at which we respond to your needs. Our success is the result of a history of good planning and City Councils have gone through a process to chart a course for the future. Over the decades this long-term planning process has resulted in the development of the Telecom Corridor® area and headquarters and the development of CityLine, with DART on the design and construction of helped shape our strong commercial office de- home to State Farm and Raytheon facilities are an enhanced bridge feature over US 75. velopment while also envisioning the neighbor- just a few.
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Dallas' Dynamic Job Wave
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+/-10 Acres NEC Shiloh Rd and Breckinridge Blvd Richardson, Texas
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